Facebook Turns On Another Revenue Stream - Now You Can "Pay With Facebook"

Facebook has just launched the first live integration of its payment service for applications, a first step toward what could become a major new source of revenue for the company.

The payment system, called “Pay with Facebook” to consumers, is now live in fbFund-winning application GroupCard. Inside the app, users are able to purchase premium items for anywhere from $3 to $25, which can then paid for with any major credit card or Facebook credits. Facebook credits are the first payment option listed in the user interface.

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